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Closing Bell on September 14, 2023: Sectorally, the Nifty PSU Bank index gained 1.64 per cent, the Nifty Metal index added 1.5 per cent, and the Nifty Realty eked out gains of 1.4 per cent

Markets, market valuation, stocks, Sensex, Adani Group

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		<strong>Stock market highlights: </strong>After hitting all-time highs in intraday trade on Thursday, benchmark indices took a breather and settled flat. The S&P BSE Sensex claimed a record high of 67,771 in morning deals, but settled at 67,519, up 52 points or 0.08 per cent.&nbsp;</div>
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		The Nifty50, too, hit a new high of 20,168, before ending the day at 20,103, up 33 points or 0.16per cent.&nbsp;</div>
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		Among large-cap stocks, UPL, Hindalco, ONGC, Eicher Motors, M&M, Tech M, Tata Steel, Divis Labs, Apollos Hospitals, and Nestle India led the gainers&#39; list, while Asian Paints, ITC, Britannia, LTIMindtree, HDFC Life, Sun Pharma, Tata Consumer Products, and Coal India fell the most.&nbsp;</div>
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		In the broader markets, the BSE MidCap and SmallCap indices outran the frontline indices as they gained 1 per cent each.</div>
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		Sectorally, the Nifty PSU Bank index gained 1.64 per cent, the Nifty Metal index added 1.5 per cent, and the Nifty Realty eked out gains of 1.4 per cent. On the downside, the Nifty FMCG index fell 0.15 per cent.&nbsp;</div>
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Sensex, Nifty end flat after hitting record highs; broader indices gain 1%

Business Standard

Sensex, Nifty end flat after hitting record highs; broader indices gain 1% | News on Markets - Business Standard

US stock futures edge higher in after market hours

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Asian shares gain as mixed US CPI reaffirms Fed holding rates in short-term

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US equity indices close mixed on Wednesday

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Good morning readers! Catch all live market updates here with Business Standard

Catch all live market updates here with Business Standard

Currency check :: Rupee ends at 83.03/$ against Wednesday’s close of 82.99/$

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Sectoral trends :: All but FMCG, Media indices gain Thursday

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Sensex Heatmap :: M&M, Tata Steel shine in a range-bound session

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CLOSING BELL :: Sensex ends 50 pts higher, hits record high of 67,771 intraday

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MF tracker: Maximum decline seen in financial stocks in August 2023

Domestic institutional investors recorded notable inflows of $3 billion in August 2023 after remaining muted for the last four months. FIIs remained net buyers for the sixth consecutive month at $1.7 billion in August 2023; while year-to-date inflows stood at $16.4 billion. <a href="https://www.business-standard.com/finance/personal-finance/mf-tracker-maximum-decline-seen-in-financial-stocks-in-augusy-2023-123091400590_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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With 71% jump in 4 days, this PSU stock is at its highest level since 1994

The average trading volumes on the counter nearly doubled with a combined 31.2 million equity shares, representing 3.2 per cent of total equity, having changed hands on the NSE and BSE. <a href="https://www.business-standard.com/markets/news/stock-of-this-psu-company-hit-highest-level-since-1994-zoomed-71-in-4-days-123091400501_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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Fitch retains India's growth forecast at 6.3%, flags inflation risks

&quot;The Indian economy continues to show resilience despite tighter monetary policy and weakness in exports, with growth outpacing other countries in the region,&quot; Fitch said, while projecting 6.3 per cent growth for current fiscal, and 6.5 per cent for next fiscal. <a href="https://www.business-standard.com/economy/news/fitch-retains-india-s-growth-forecast-at-6-3-flags-inflation-risks-123091400454_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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ALERT :: Axis Finance files case against Zee Entertainment

ZEEL says:<br />
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	The company has been served with an appeal on behalf of Axis Finance Limited against the company before the NCLAT, Delhi, challenging the order dated August 10, 2023 passed by NCLT, Mumbai Bench.<br />
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Hindalco surges 7% in 2 days on pact with Italian firm to make rail coaches

Meanwhile, Novelis, as subsidiary of Hindalco, expects global demand for aluminum beverage can sheet to grow at a 3 per cent compounded annual growth rate from 2022 to 2031. <a href="https://www.business-standard.com/markets/news/hindalco-surges-7-in-2-days-on-pact-with-italian-firm-to-make-rail-coaches-123091400276_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Nalco rides on London Metal Exchange gains, sees room for more price hikes" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2018-04/24/full/1524587492-9014.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Nalco rides on London Metal Exchange gains, sees room for more price hikes" width="620" /></div>
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ALERT:: Cipla sale in jeopardy as family seeks $13 billion valuation; stock up 0.5%

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	Cipla sale in jeopardy as family seeks $13bn valuation</div>
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	<em>Source: Bloomberg</em><br />
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ALERT :: August Wholesale inflation at -0.52% vs -1.36% in July

Sugar stocks rally; Dalmia, Balrampur, Avadh, Uttam, Dhampur soar up to 13%

Significant optimism has returned to the sugar sector due to seasonal factors (festival period), and growing concerns on India&#39;s sugar production estimate for the upcoming season. <a href="https://mybs.in/2cHlZbN" rel="nofollow" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="sugar" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2020-01/06/full/1578327086-9886.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="sugar" width="619" /></div>
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NBCC soars 13%, hits 52-week high on Rs 180-cr order win, MoU with govt

NBCC (India), on Wednesday, signed a quadripartite memorandum of understanding (MoU) with Ministry of Steel, Rashtriya Ispat Nigam Limited (RINL), and National Land Monetisation Corp. Ltd. (NLMC). <a href="https://www.business-standard.com/markets/news/nbcc-soars-13-hits-52-week-high-on-rs-180-cr-order-win-mou-with-govt-123091400252_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Fresh bid boosts NBCC confidence to bag beleaguered Jaypee Infratech" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2019-04/27/full/1556309508-406.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Fresh bid boosts NBCC confidence to bag beleaguered Jaypee Infratech" width="620" /></div>
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Bombay Dyeing hits 20% upper limit as board okays Rs 5,200 cr land sale deal

The average trading volumes on the counter jumped over five-fold today with combined 18.96 million equity shares changing hands on the NSE and BSE till 09:24 AM. <a href="https://www.business-standard.com/markets/news/bombay-dyeing-hits-20-upper-limit-as-board-okays-rs-5200-cr-land-sale-deal-123091400181_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Bombay Dyeing" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2016-12/21/full/1482323365-9005.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Bombay Dyeing" width="620" /></div>

Market Check:: MidCaps, SmallCaps outrun benchmark Nifty50 in early trade

Sensex Heatmap:: Steel stocks lead early rally; HUL, ITC flat

ALERT:: BSE Sensex opens at record high at 67,671, up over 200 pts

Commodity check :: Gold, silver edge lower amid firm trend

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CURRENCY ALERT: Rupee opens 1 paise stronger at 82.97/$

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IT companies' forex revenue exceeds earnings of other manufacturers in FY23

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	Indian information technology (IT) services companies, such as Tata Consultancy Services, Infosys, Wipro, and HCLTech, have emerged as the most consistent baggers of foreign exchange.</div>
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	For the first time in 2022-23 (FY23), their combined forex revenue surpassed that of listed oil and gas companies, as well as listed non-oil and gas firms in other sectors. The latter category includes industries like pharmaceuticals, automotive and auto ancillaries, industrial metals, capital goods, chemicals, textiles, fast-moving consumer goods, and consumer durables. <a href="https://www.business-standard.com/economy/news/it-companies-forex-revenue-exceeds-earnings-of-other-manufacturers-in-fy23-123091301211_1.html" target="_blank"><strong>READ</strong><br />
	<img alt="forex" src="https://bsmedia.business-standard.com/_media/bs/img/article/2020-12/27/full/1609086711-2719.jpg?im=FeatureCrop,size=(826,465)" style="width: 600px; height: 338px;" /></a></div>

ALERT: L&T buyback to open on Sept 18 and close on Sept 25

L&amp;T&#39;s Rs 10,000 crore share buyback will open on Sept 18 and close on Sept 25.&nbsp;

Stocks to Watch today, Sep 14: Adani Group, RIL, Hero Moto, Bombay Dyeing

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	<strong>Reliance (RIL)</strong>: As per reports, the company&rsquo;s retail arm - Reliance Retail is in talks to raise $1.5 billion from existing investors, including the sovereign wealth funds of Singapore, Abi Dhabi and Saudi Arabia.</div>
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	<strong>InterGlobe Aviation (IndiGo):</strong> The airline will soon introduce a wrist gadget and use a ground device to detect fatigue among pilots and check their level of alertness before and after flying an aircraft. <a href="https://www.business-standard.com/markets/news/stocks-to-watch-today-sep-14-adani-group-ril-hero-moto-bombay-dyeing-123091400099_1.html" target="_blank"><strong>READ</strong><br />
	<img alt="stock market, markets, trading, nse, bse, sensex, nifty, rally, coronavirus, covid, lockdown" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-01/29/full/1611860206-2995.jpg?im=FeatureCrop,size=(826,465)" style="width: 600px; height: 338px;" /></a></div>

Nifty Pharma, Auto: Here's a guide to plan your trading activity

The Nifty Pharma Index, currently at 15,448.95, has traders and investors on their toes as it approaches a critical juncture. On the charts, a substantial barrier is looming between 15,580 and 15,664. This range is no ordinary obstacle; it&#39;s a zone of stiff resistance. While the near-term trend leans towards bullish territory, there&#39;s an important caveat to consider. <a href="https://www.business-standard.com/markets/news/nifty-pharma-auto-here-s-a-guide-to-plan-your-trading-activity-123091400105_1.html" target="_blank"><strong>READ</strong><br />
<img alt="technicals" src="https://bsmedia.business-standard.com/_media/bs/img/article/2017-08/02/full/1501658367-0858.jpg?im=FeatureCrop,size=(826,465)" style="width: 600px; height: 338px;" /></a>

Gift Nifty futures 50 points up from Nifty futures' Wed close

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US core inflation rises after 6 months; marks slowest pace in 2 years annually

&gt;&gt; US core CPI increased 0.3% MoM, the first time in 6 months, against expectations of a 0.2% rise.<br />
&gt;&gt; US core CPI increased 4.3% YoY, the slowest pace in nearly two years.&nbsp;<br />
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<em>Via Bloomberg</em>